We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · NE61 5UF
For saleReduced £2k (−3.4%) on 15 OctListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Our latest listing is a 2 bedroom terraced house located in Morpeth. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.
This property features 2 bedrooms, three-piece bathroom, lounge, kitchen, front and rear garden space, and a street parking.
For investors looking to expand their portfolio, this is a fantastic opportunity and it is likely to attract enquiries from serious investors.
Investment details The current gross annual rent agreed with the tenant is £5,100 and there are tenants in situ.
Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.
This is a perfect addition to any investment portfolio with great rental returns in a high demand area. Auction Details The seller is open to pre-auction offers.
Unless a pre-auction offer is accepted, the sale of this property will take place on our next bi-weekly online auction (see dates on our website) and is being sold under the unconditional sale type with a standard 28 days completion.
Separate to a 10% deposit (£5,000 minimum) and our Buyers Premium there may be additional fees or conditions listed in the Special Conditions of Sale, which will be available to view within the Legal Pack.
You must read the Legal Pack before bidding. Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws. Please call us or enquire for the full legal pack and property information on this listing.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 6, Chester Square, Lynemouth
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